Is Indonesia PP SBSN III (US71567RAK23) halal?
Questionable
Indonesia PP SBSN III (US71567RAK23) passes Sanad's Shariah screen for Sukuk.
Key facts
| ISIN | US71567RAK23 |
|---|---|
| Structure | Wakala (agency) |
| Currency | USD |
| Profit rate | 2.3% |
| Credit ratings | S&P BBB · Moody's Baa2 · Fitch BBB |
| Trustee | Perusahaan Penerbit SBSN Indonesia III |
Underlying assets
Plots of land (ijara properties) held by various Indonesian ministries and government project assets including flood control, water resources management, dam construction, and ground water/raw water provision projects across Indonesian provinces
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Frequently asked questions
Is Indonesia PP SBSN III (US71567RAK23) halal?
Indonesia PP SBSN III (US71567RAK23) passes Sanad's Shariah screen for Sukuk.
What is a Sukuk?
A Sukuk is an Islamic financial certificate that represents ownership in an asset or project, so holders earn a share of its returns rather than interest on a loan.
Other Sukuk
- Indonesia PP SBSN III (US71567RAH93)
- Indonesia PP SBSN III (US71567RAU05)
- KSA Sukuk Ltd (XS1599284202)
- KSA Sukuk Ltd (XS1881581968)
- Saudi Telecom Sukuk (XS1992985694)
- KSA Sukuk Ltd (XS2072816114)
Automated screen based on the sources cited above, not a fatwa; scholars differ. Not investment advice.